Organizational and legal bases of life insurance provision in Ukraine

Abstract

The article reveals the legal bases and organizational directions of life insurance compa-nies. The purpose of the study is to identify the main legal and organizational foundations for life insur-ance. The totality of research methods is a methodology for analyzing and organizing the main legisla-tive acts and laws, namely the methods of generalization, comparison, chronology, analysis and gener-alization. The legislation on life insurance pays much attention to the organizational aspect of the establishment and operation of insurers, but the implementation of the law does not reflect the state and reliability of the life insurance company, nor does it affect the choice of the company in which a person wants to insure his life. The results of the study can be used in the practice of insurers for life insurance to self-check compliance with the legislative and legal framework for the organization of insurance ac-tivities. On the basis of the research carried out, there is an objective need to find out the theoretical and methodological foundations of the insurance companies’ activity for making decisions on life insurance. In article characterized the legislative basis, a chronological description of the historical development and establishment of insurance in Ukraine. Comparison and analysis of insurance contracts were con-ducted. Conclusions are made on changes in the organizational and legal principles of life insurance in order to improve it.